Why should we regulate banks? They've been doing just fine and if we make them pay attention to laws(like the rest of us have to), they might not be able to line our campaign funds as much! It would be horrible if our banksters didn't make 400 times as much as their employees, unlike other industrialized countries(think Europe, Japan) whose CEO's only make....oh.....40 times what the employees make.
Wednesday, October 13, 2010
Republicans never made it out of Toddler stage
Why should we regulate banks? They've been doing just fine and if we make them pay attention to laws(like the rest of us have to), they might not be able to line our campaign funds as much! It would be horrible if our banksters didn't make 400 times as much as their employees, unlike other industrialized countries(think Europe, Japan) whose CEO's only make....oh.....40 times what the employees make.
Friday, April 2, 2010
How Seniors benefit from the New Health Care Law
From the Ohio Alliance for Retired Amercians:
As the above says, this is how that evul health care plan is going to hurt seniors....
Reduces drug costs by phasing out Shrub's doughnut hole:
Provides a $250 rebate in 2010 for seniors who fall in donut hole. Next year, seniors receive a 50% discount on perscription drugs when stuck in donut hole and by 2020, it will be eliminated.
Covers Preventive Services:
Next year, seniors who participate in Medicare will receive annual check ups. This law also eliminates co-pays/cost-sharing for mammograms, colonoscopies and other preventive screenings.
Supports Early Retiree Coverage:
Provides financial assistance to employer helath plans that cover early retirees, bringing down health costs and premiums by as much as $1200 per family, per year in some plans.
Encourages Doctors to coordinate care and improve quality:
Creates incentives for providers to work together to better serve patients and reduce wasteful care like repeated tests.
Removes Obstacles to Changing Part D Plan:
Allows Part D enrollees to make a mid-year change in their enrollment if current plan unexpectedly changes the plan and makes them pay a higher cost in perscriptions.
Significantly lowers Cost for Struggling Seniors:
Expands the Medicare Part D low-income subsidy, which will dramatically help struggling seniors afford their health care costs.
Enacts CLASS Act creating a anew option for long-term assistance for seniors and the disabled:
Creates a new, voluntary self-insured insurance program to help families pay for the costs of long-term supports and services if a loved one develops a disability. Also creates new options for states to provide home and community based services in Medicaid, enabling more people with disabilities to access long-term services in the setting in which they choose.
Enacts the Elder Justice Act:
Authorizes new criminal background checks on long-term care workers who have access to residents or patients and requires greater transparency of nursing homes, including public disclosure of the entities that own, govern, operate and profit from nursing homes. The law also requires better information about the quality of nursing care and improves complaint process.
Saves Medicare funds:
By eliminating wasteful over-payments to Medicare Advantage p[lans and by creating new incentives for coordinated high quality care across the health care spectrum, the law extends the solvency of the Medicare Trust Fund by 9 years and improves Medicare for generations to come.
Monday, July 27, 2009
Antitrust suits are BACK in Fashion, Thank you Pres. Obama
The New York Times reported that Antitrust suits might be back in fashion. Ms. Varney is the antitrust chief at the Justice Department, and began inspecting complaints by Verizon and AT&T that their competitors, major cable operators, are blocking their ability to purchase sports shows and other programs that the companies produce, although I find it kind of ironic that AT&T is filing anti-trust suits. She is also examining how large agribusiness is restraining small farms from being able to compete in the market, partially due to Senator Bernie Sanders bringing this problem into the view of the justice department.
Ms. Varney is also taking on drug companies that have inside agreements between companies not to market more generic drugs. Both the FTC and consumer groups have wanted these agreements examined under anti-trust laws. Although Ms. Varney is supported by the White House and some democratic legislatures, others are not as pleased with her.
Repbulicans have always voted in the favor of business...and that means more money for those campaign war chests. Democrats have spent a lot of time and effort to get some of those campaign funds for themselves, only to worry that these policy changes of an aggressive antitrust enforcement, could hurt their chances at the corporate money changers.
But, also, some of the administration officials see this as coming at a bad time due to the economic climate. Others actually agree with Bush & Co. and think that larger companies provide consumer benefits and healthier, leaner companies.
The White House also discussed an effort to overhaul financial regulation, but at this time, have decided against using antitrust legislation to reduce the size of corporations that are "too big to fail".
“The struggles between the expert agencies and the Justice Department get to the heart and soul of exactly what the competition policy of the Obama administration will be,” said Mark Cooper, an antitrust expert and director of research at the Consumer Federation of America, an advocacy group.
He added: “Now you have an antitrust division that cares about competition, and it is running up against the expert agencies that haven’t changed their attitudes yet.”
Ms. Varney was in private practice for over 10 years, but was tapped to be on President Obama's transition team. Her background is in internet law. Varney was a Cabinet Secretary under President Clinton and he later appointed her to the Federal Trade Commission where she served for 3 years. She left the FTC and started an internet law division at a Washington, D.C. firm, Hogan and Harston.
She has pushed for regulations to protect consumer privacy over the internet and argued against legislation that would have made it more difficult for companies to go to arbitration with consumers. She was a registered lobbyist for the Online Privacy Alliance until 2006.
Another area that the division is opening inquiries into are the wireless phone industries; deciding wherther or not it is legal for phone makers to offer a specific model to only one carrier(such as the iPhone or Palm Pre). It is exploring the rapid increase in text-messaging rates at several phone companies and also investigating obstacles imposed by the phone companies on low-price rivals like Skype.
I think its about damn time that our government gets back to governing for the "natural" citizen instead of the artificial person of the corporations. As these corporations became "more efficient" by outsourcing American jobs, moving the proverbial mail box to the Camen Islands( or UAE for Haliburton) to sleaze out of paying taxes for the use of our commons, finding ways out of paying for polluting the environment and trying to destroy the Amercian middle class, its about time we start reining these criminals in!
Good Luck and Good Hunting Christine Varney!